PARENT COMPANY FINANCIAL INFORMATION (CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME) (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
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Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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Income: | |||
Interest and dividend income | $ 660,435 | $ 592,359 | $ 653,454 |
Other operating income | 19,416 | 18,118 | 18,392 |
Expenses: | |||
Interest expense | 76,174 | 41,099 | 98,156 |
Other expenses | 29,051 | 38,857 | 30,442 |
Income before income taxes | 279,954 | 318,759 | 186,294 |
Income tax benefit | 45,444 | 54,842 | 28,066 |
Net Income | 234,510 | 263,917 | 158,228 |
Parent Company | |||
Income: | |||
Dividends received from subsidiaries | 102,215 | 119,500 | 97,880 |
Other operating income | (286) | 3,770 | 1,338 |
Total income | 101,929 | 123,270 | 99,218 |
Expenses: | |||
Interest expense | 14,477 | 13,210 | 13,506 |
Other expenses | 9,819 | 17,471 | 8,249 |
Total expenses | 24,296 | 30,681 | 21,755 |
Income before income taxes | 77,633 | 92,589 | 77,463 |
Income tax benefit | (10,892) | (12,626) | (5,439) |
Equity in undistributed net income from subsidiaries | 145,985 | 158,702 | 75,326 |
Net Income | 234,510 | 263,917 | 158,228 |
Comprehensive (loss) income | $ (202,411) | $ 211,537 | $ 193,668 |
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- Definition Dividends received from subsidiaries. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue earned, classified as other, excluding interest income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Details
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